3G Capital quietly exited its Kraft Heinz investment last year
Publishing timestamp: 2024-04-09 09:05:13
Summary
3G Capital exited its investment in Kraft Heinz after a disastrous quarter in 2019, ending an era for the Brazilian private equity firm. Warren Buffett stood by 3G and Kraft Heinz, but some investors blamed 3G's aggressive cost-cutting for the company's troubles. Kraft Heinz has since made changes to its strategy and leadership, with 3G gradually reducing its stake in the company.
Sentiment: MIXED
Keywords: spin-offs, dividends, business news, restaurants, breaking news: business, berkshire hathaway inc, hormel foods corp, business, earnings, retail industry, kraft heinz co,
Source: https://www.cnbc.com/2024/04/09/3g-capital-quietly-exited-its-kraft-heinz-investment-last-year.html